Secured Capital raised USD1.5 billion in funding for Asia investments. This was according to a report published by Reuters today.

Secured Capital is the real estate arm of private equity firm PAG (formerly Pacific Alliance Group). The company was founded in 1997. To date, Secured Capital manages over USD9 billion of real estate assets. The company merged with alternative investment company PAG in March 2011. PAG is now managed by dealmaker Weijian Shan, which was formerly known as TPG Capital, the report said.

On Friday, Secured Capital said it plans to invest the newly-raised funds in distressed real estate in Japan. The company will also deploy the funds in debt opportunities. In addition, the firm said it could also invest across the Asian region. Secured Capital has already closed 11 deals in Australia, South Korea, and Japan. The said deals had a total value of USD1.8 billion. The company started raising funds in 2011, Reuters said.